Tuesday, March 9, 2021


Before I get into my February stock purchase post, I want to celebrate my mom getting her first COVID Vaccine shot today!  Took a lot of searching and some help from a vaccine angel!   Yay!  Here's the post-shot 15 minute wait area.

It was a very active month in February for shopping for some solid companies that will pay me dividends.  

I was eager to gain more of a return and decided to harvest some profits from Williams-Sonoma (WSM), which was over a 120% gain, take the funds and invest in companies that had a larger yield than the one I just sold.  

This allowed me to take the $2,356.63 and take the $38.16 annual dividend hit and turn it into a $142.65 annual dividend.  BAM!

One of my additions this month was a beginning entry in Snap-On  (SNA), one that has been sitting on my watch list for most of the past 2 years.  They were still passing my stock screener:  

  • Low P/E ratio.  A sign that the company is at a good valuation at the moment.  SNA is at 19.08.  I don't want to overpay for my shares.
  • Good dividend payout ratio.  SNA come in at a 43% ratio, which is wonderful.  When a company is around 50% dividend payout, it means they want to not only share their profits with their stock holders, but also have room to grow the company, grow the dividend, or cover the dividend when falling on hard times.    SNA fits the bill
  • A track record of increasing the dividend.  Over the past 5 years, they have increased the dividend by 15%.  That's inflation beating
  • Lage company.  Not a major factor, but I want a market capitalization of over $3 billion.  Larger companies that have good fundamentals seem to not fail very often...  SNA is a 11.8 billion dollar company.
So I purchased 7 shares at $182 each, costing me $1275.  This will earn a $34.44 annual dividend.  

Other larger purchases were Smuckers (SJM),  Lockheed-Martin (LMT), Steel Dynamics (STLD) and Netapp (NTAP).  All of these pass my screener, so I went shopping!

My BIG purchase was 45 shares of Onemain Holdings (OMF).   I was triggered by their second large special dividend in 6 months.  They had announced a ginormous $3.50 special dividend to go on top of their normal $.45 regular div payout.  I could not resist.  This is the 4th special dividend since late 2019.  
They love paying their share holders!  

My other large purchase was my formerly favorite holding, Whitehorse Finance (WHF) and their nearly 10% dividend.  They have not risen the dividend, but their payouts allow me to purchase other companies that do. 

In summary, I bought $8,881.21 of shares overall in February.   

This increases my annual dividend payouts by $548.29.  That's a 6.17% return.   Not too shabby.  One of my best months of investment ever.

Here's the breakdown....  

Until next month, stay safe!

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